Storing your BTC in a hardware wallet is LITERALLY the same as hiding cash under the mattress

[Anonymous No.19267154]

Change my mind. You are insane if you hold more than 1 BTC in a hardware wallet at home instead of Coinbase or some safer options.

[Anonymous No.19267171]

>>19267154
Nah you are a fucking retard desu. kys

[Anonymous No.19267184]

Idiot, what are u talking ? Hardware wallet the safest option moron

[Anonymous No.19267194]

The Safest Place for your Money is an FDIC insured Bank!
>The Safest Place for your Money is an FDIC insured Bank!
The Safest Place for your Money is an FDIC insured Bank!
https://www.youtube.com/watch?v=jdjzIaEDTnw

[Anonymous No.19267205]

save your computer with a strong password.
make a backup of your backup phrase as a screenshot, encrypt the screenshot and save it on your phone / cloud.

nobody can steal your coins without your contribution now

[Anonymous No.19267214]

>>19267154
Yes. But if a thief comes in, they won't steal my USB sticks you absolute moron.

[Anonymous No.19267215]

>>19267154
I NEED HER NAME

[Anonymous No.19267256]

>>19267184
you can loose your hardware wallets or the content in it, by theft, robbery, accidentally damaging it or misplacing it.
If you use Two factor identification and doesn't have your access code and username being auto filled in when you go to your coinbase account, i think it is a lot safer to just store your coins on a reputable exchange.

[Anonymous No.19267273]

>>19267205
I'm hoping this is bait but since the retardation level of this board has gone up about 8000% in the last couple of years I'm somewhat doubtful

[Anonymous No.19267279]

>>19267171
>>19267184
based retards, anyone can get in your house and steal your hardware wallets... It's actually much easier than stealing a whole lot of cash

[Anonymous No.19267290]

>>19267256
>store coins on "reputable exchange"
> did we alreadya forget about the recent Coinbase pump/dump outages

Ngmi

[Anonymous No.19267297]

>>19267214
>Yes. But if a thief comes in, they won't steal my USB sticks you absolute moron.
based retard, if and when we will actually make it (1 BTC = 100k USD) every little nigger will know what to look for

[Anonymous No.19267306]

>>19267256
You do realize what has to happen next if someone steals that ledger, right? Like, you know they also have to go through the other 50% of the process by knowing your seed

[Anonymous No.19267309]

>>19267154
Why not use a hardware wallet and store it in the safe deposit box at a more reputable bank then coinbase then?

[Anonymous No.19267315]

>>19267279
someone stealing your hardware wallet cannot access it without the pin. You can restore your wallet from any ledger as long as you have your recovery phrase

[Anonymous No.19267322]

>>19267306
Based retard, if you think a PIN is going to stop them you are not paying attention. There are methods to extract the data and they take just a few hours

[Anonymous No.19267332]

>>19267309
this might be a good option, I'm getting extremely anxious by having my ledger nanos at home

[Anonymous No.19267350]

XRP in my ID, disgusting

[Anonymous No.19267388]

>>19267322
that was only reported for trezor and there it has always been advised to use a passphrase on top of the PIN. which btw is the currently safest solution to store crypto. it also allows you to "unlock" a fake account on your hardware wallet in case some asshole from border control forces you to enter the PIN of it. but yeah, stick to coinbase, what could possibly go wrong ...

[Anonymous No.19267432]

>>19267273
Your mom is a bait, it's legit the safest method and easiest

[Anonymous No.19267438]

>>19267154
The money isn't stored in the hardware wallet. Only the keys are. Plus the hardware wallet can be secured with a restoration sequence that you can literally etch onto indestructable metal.

[Anonymous No.19267449]

Didn't read lol

[Anonymous No.19267481]

>>19267154
I just want to suck her nipples

[Anonymous No.19267645]

>>19267154
Imagine being under 100 IQ and incapable of memorizing your bitcoin security key in your brain so not even the US government can read your mind to steal your BTC.

What are you OP some kind of nigger?

[Anonymous No.19267735]

>>19267154
image related

>>19267645
>not even the US government can read your mind
he doesn't know

[Anonymous No.19267795]

No shit Sherlock. That just means we're so early.

So early that there isn't a good way to store your shit without going through 5 different multisig wallets and having titanium mnemonic phrases dotted about your house, like a fucking mini game. Imagine it's like being in ancient greece when they first invented currency. People had no idea what to do with it.

I honestly think we won't see any mass adoption in our lifetime. Because of these problems. Some airgapped microchip in your wrist might be an option though.

[Anonymous No.19267796]

>>19267279

>not using a pin
>not using a passphrase
>not using multiple wallets with different passphrases
>not using a decoy wallet with no passphrase with a few hundred bucks worth of btc on it

ngmi

[Anonymous No.19267802]

>>19267645
takes a $5 wrench hack to read your mind.

this whole thread is sad and you guys are absolute retards

[Anonymous No.19267827]

>>19267735
>>19267802
It's quite simple really. First you write down you passphrase. Then you divide your passphrase using shamirs and write them down and then burn the original passphrase paper. Then you slowly drive yourself insane developing multiple personalitites and let the different personalities memorize different parts of the shamir and when they've memorized them you burn those papers too. Then finally you kill yourself to be absolutely sure they can't access your money.

[Anonymous No.19267856]

>>19267154
All my btc is on a paper wallet in a fireproof safe. With a few backups in other locations.

[Anonymous No.19267862]

>>19267154
dude wtf are you talking about. i have a ledger nano. if someone steals it they can't get into it without an 8 digit pin that only i know.

i have the seed words stored in 3 separate places in case of a fire and i can use those to restore my wallet if it's ever lost/broken/stolen.

why the fuck would you leave it on an exchange?ever heard of mt. gox? coinbase is pretty safe but only actual money in your account is FDIC insured, not the crypto assets. no reason not to have a private wallet.

[Anonymous No.19267868]

>>19267154
Sure, while storing in sw wallet is hiding cash under somebody else's mattress

[Anonymous No.19267910]

>>19267735
>image related
That's the best way to lose your money. I steal that piece of metal, you lose everything. Immediately

[Anonymous No.19267926]

>>19267856
>fireproof safe.
Can be accessed

[Anonymous No.19267936]

>>19267910
good luck that piece of metal is behind 7 poroxies

[Anonymous No.19267940]

>>19267862
>stored in 3 separate places
Nice way to 3x multiply the chances to get it stolen,

[Anonymous No.19267953]

>>19267940
safe deposit box, a safe, and in an encrypted file on a USB stick. i'm not really worried about it.

[Anonymous No.19267956]

>>19267256
>you can loose your hardware wallets or the content in it,
the coins aren't stored in the hardware wallet fucking moron

[Anonymous No.19267973]

>>19267154

[Anonymous No.19268008]

You guys are idiots, you store a decoy ledger up your ass at all times which contains a specific number of BTC which is the pin for your real ledger which is stored further up your ass. Amateurs I tell ya

[Anonymous No.19268028]

>>19267953
>safe deposit box
I think its a bad idea to put your keys into someone elses possession. Defeats the whole trustless thingy, right?

>>19268008
You can just set a sencondary account using a passphrase and a second PIN on a Ledger as a decoy

[Anonymous No.19268042]

>>19267297
Why would they not do that at 20k or current price, I could still have tons on a hardware wallet

[Anonymous No.19268060]

>>19267322
k if they get your ledger and pin, they still need access to your online ledger account

[Anonymous No.19268076]

>>19267154
Yeah, better to just keep it on an exchange, right?

[Anonymous No.19268077]

This whole coronavirus non-sense has cause an influx of new people to this board. What this guy post is common sense when it comes to crypto >>19268008 . What next you guys need to be taught, not to touch a hot stove?

[Anonymous No.19268083]

>>19267802
$5 wrench is such a dumb arguement. They can literally do this for anything of value you own. Money in the bank, your car keys, gold and precious item stashes.

Its part of the risk of living and owning anything in life

[Anonymous No.19268118]

>>19267953
You need a paper seed backup. That worries me slightly. Imagine if the usb stick memory degrades over time or breaks.

[Anonymous No.19268141]

>>19267154
you can always put them inside a safety deposit box in a bank, really depends what route you want to go, theres no reason to not just put them on an online wallet, or a desktop wallet that has a seed key, exchange probably isn't the best for long term storage

[Anonymous No.19268154]

>>19267279
>gimme the password nigga
>ok it's fucktrump2020
>oh sheeit let me check this before I bounce
>unlocks account .001BTC
>fuck broke ass nigga. Steals wallet and runs.

[Anonymous No.19268259]

>>19267154
>You are insane if you hold more than 1 BTC in a hardware wallet at home... AND LET PEOPLE KNOW THAT YOU DO.
Same as precious metals, once the word is out... home invasion chances skyrocket. Person a talks to person b and so on... unsavory people find out quickly.
Be smart. Shut your mouth.

[Anonymous No.19268266]

>>19267350
>0xrpywsj
>0 XRP You will soon JUST

XRP moon mission confirmed?

[Anonymous No.19268282]

>>19267154
>whoreposter has shit opinions
Classic

[Anonymous No.19268294]

Yeah I don't think I would ever memorize my recovery phrase. I store it in a safe deposit box at the bank. It's actually in a book, and I've underlined capital letters on the first page of each of the first 24 chapters. I actually had to use it once when I lost my trezor. Kinda cool to know it works.

[Anonymous No.19268306]

>>19268259
Loose lips sink ships

[Anonymous No.19268467]

>>19267256
>you can loose your hardware wallets or the content in it, by theft, robbery, accidentally damaging it or misplacing it.
I use a passphrase and keep the seeds in 3 different places, one at parent's house.
>muh seed gets stolen
you'll need passphrase
>muh trezor and seed get stolen
you'll need passphrase
>muh you computer gets hacked and passphrase stolen
you'll need the seed, which has never been typed on a computer

[Anonymous No.19268486]

>>19267154
That's why you have 3-5 dummy Ledgers on easily found places. Just let them take it and assume you were just larping.

[Anonymous No.19268521]

>>19268259
this

[Anonymous No.19268539]

>>19267432
>Takes screenshot
>malware picks this up before you encrypt

You absolute nigger brain jesus fucking christ even idex tells normies not to do this when you sign up. Retard

[Anonymous No.19268590]

>>19268008
there's always something farther up the ass

[Anonymous No.19268660]

>>19267322
This is literally not true idiot

[Anonymous No.19268708]

>>19267154
>he thinks hiding cash under the mattress is less safe than having it in a fractional reserve ponzi scheme jew bank
NEVER gonna make it

[Anonymous No.19268738]

>>19267154
>Change my mind. You are insane if you hold more than 1 BTC in a hardware wallet at home instead of Coinbase or some safer options.
my coinbase account was frozen for several month with 3 BTC on it because of my stupid tax authorities (i did nothing illegal, i won in court, but i had to waste 5k in legal fees)
if you use coinbase you are a stupid faggot
if you store your wealth on coinbase you deserve to lose it all
i learned my lesson, keep your BTC under the mattress

[Anonymous No.19269294]

Having it on an exchange is possibly the worst thing I could ever imagine. Why in anyones mind would you consider this?
Currently I am having trouble with an echange and waiting for my funds to be reutruned. And guess what? If they dont give me my money there is nothing I can do about it? (COSS Exchange!!!). Its only a small amount (about $1k of assorted shitcoins but it still matters).
I use another Australian exchange that is local to me, to hold a small amount that I regularly trade with only because I have personally staked out the exchange address and verified how the CEO exits the office. If they rob me of a significant figure we can have a 1 on 1.
But that is just a small amount fo trading. Excahnges are the most likely way for you to lose your coins. FFS u know the mantra "not your keys not your shitcoin".

[Anonymous No.19269371]

I can think of numerous exchnges that have stolen someones coins but cannot think of one hardware wallet that has stolen any coins.
BTW anyone using 'Safepal' it looks awesome and want to know anyones experience.

[Anonymous No.19269431]

>>19267350
>0 xrp
>Y?
>wsj
Wall Street Journal owned by Bezos, Amazon confirmed partnership

[Anonymous No.19269452]

>>19267154
This is why you have multiple hardware wallets connected to the same account.

Lose one, it doesn't matter.


Can keep them in separate places.

[Anonymous No.19269828]

>>19267154
That's why I keep the pendrive up in my ass all the time.

[Anonymous No.19270197]

>>19267215
Julia Burch

[Anonymous No.19270278]

>>19268738
This anon summed it up best. As they say, not your keys not your coins. OP must be a based retard or incredibly poor

[Anonymous No.19270316]

Thos is why you don't talk about crypto to people

[Anonymous No.19270383]

>>19267154
Multi-sig 2 of 3 electrum, hardware wallet, hardware wallet. You're new to crypto if you trust exchanges.

[Anonymous No.19270448]

>>19267322
>There are methods to extract the data and they take just a few hours

Ya, torture

[Anonymous No.19270467]

>>19267350
>>19267154
... I liked her better when she had short hair.

[Anonymous No.19270764]

>>19268266
or 0x RPY Wall Street Journal

[Anonymous No.19271250]

>>19267154
The state of 4chin.

[Anonymous No.19271366]

>>19267256
It's it my butt
My buttcoins

[Anonymous No.19271405]

>>19268539
Imagine being so low iq you have malwares, holly fuck the incompetence

[Anonymous No.19271435]

>>19267154
She's the kind of girl you crush on for years when you're a kid and then when you see her after graduating you decide to make a move and ask her out and she just laughs at you and makes something up like she's too busy or whatever and then you never see her again for years until one day you look her up on facebook out of curiosity and you realize she's a happy mom with a perfect family and you see her chad husband in her picture kissing her and so you go off to the bathroom and try to slit your wrists with some rusty razor blades you found underneath the sink but you keep leaving hesitation marks like you still want to live and you just cry and cry and cry as you look at your pathetic crying face staring back at you in the mirror in your shitty studio apartment that you have never had any guests over in and haven't gone out with friends in years because they all grew up and have families now and you just work your shit job at a boring office and never getting paid more or promoted and you just spend every night playing video games on your ancient computer alone in the dark and you have masturbated six times in a row already today and there's really no future at this point now that you're in your thirties and you see some beautiful broad's picture some dickhead posted on /biz/ that reminds you of this chick you crushed on so you dig that blade in a little deeper this time even though it hurts like a son of a bitch because death is the only way out of this nightmare

[Anonymous No.19271499]

>>19271435
Oddly specific

[Anonymous No.19271666]

Petty criminals that break into your house to steal shit are not gonna know what a hardware wallet is

[Anonymous No.19271692]

is putting your seed phrase on a steel wallet in safe deposit box at the bank and bad idea?

[Anonymous No.19271991]

>>19271435
bro please don't

[Anonymous No.19272014]

>>19271499
Yup and it’s also really Easy to hide a usb sized thing. You can even make a hole in the wall and plaster over it

[Anonymous No.19272041]

>>19271666
delusional

[Anonymous No.19272125]

>>19267279
Hardware wallets are much easier to physically hide. With cash, the size of the stash grows with increased value. Most people would not be able to effectively hide 10 million dollars in their house, but with crypto, you could fit a billion dollars of value or more in the palm of your hand. Therefore, you can hide this in places most common criminals would never think to look for cash. And if you're smart, you don't talk about your crypto stash with many people, so you don't encounter the uncommon criminals who would think to look for keys.

[Anonymous No.19272427]

>>19271405
Imagine being so low Iq that you'd recommend screenshotting your seed phrase. Also you type like a jeet - fuck you fuck your rupees, go shit in a street and stop pretending to be microsoft support - you dirty paki cunt

[Anonymous No.19272457]

>>19272427
Stay mad low iq ameba

[Anonymous No.19272490]

>>19272457
Another jeet- have you done the needful with your esh rupees yet sir?

[Anonymous No.19272499]

>>19267154
>Storing your BTC in a hardware wallet is LITERALLY the same as hiding cash under the mattress
Hello Moshe

[Anonymous No.19272543]

>>19272490
Another? Same id you poor virgin

[Anonymous No.19272646]

>>19267322
The amount of times a ledger or trezor has been “hacked” is in the single digits and was done by people with PHDs. You either have to know the pin or be > 160iq. This is a non issue. Meanwhile, coin base can just decide they don’t like you or be told by uncle same to freeze your shit.

>Not your keys, not your coins

How new are you?

Anyway, if you really want to the safes way create a wallet on an computer that never connects to the internet and sign transactions with a USB key on another computer. But that’s way too tedious for most of us I think.

[Anonymous No.19272652]

>>19272543
>being indian and calling someone poor

I literally dick down indian girls for fun because they love the bwc and guys who know how to use a wc instead of the gutter. Ps - I'm having steak for dinner